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Senate Confirmation Required for Financial Crimes Enforcement Network Director.

This bill increases public oversight of FinCEN, the agency responsible for fighting money laundering and terrorist financing. Under the new rules, the Director of FinCEN must be confirmed by the Senate, ensuring greater accountability and transparency in this critical financial security institution. Citizens benefit from knowing that the leader of the fight against serious financial crimes has been thoroughly vetted by their elected representatives.
Key points
The Director of FinCEN (the agency combating money laundering) must now be appointed by the President and confirmed by the Senate.
This change enhances Congressional oversight and accountability for the leadership of the institution protecting the financial system from crime.
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Expired
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Additional Information
Print number: 118_S_2628
Sponsor: Sen. Rounds, Mike [R-SD]
Process start date: 2023-07-27
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Accountability through Confirmation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2628.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-07-27.

What are the main provisions?

Key points include:

  • The Director of FinCEN (the agency combating money laundering) must now be appointed by the President and confirmed by the Senate.
  • This change enhances Congressional oversight and accountability for the leadership of the institution protecting the financial system from crime.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Rounds, Mike [R-SD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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